Southwest Airlines reports Q1 results with revenue increase of 10.9%, missing consensus. Adjusted EPS down, operating loss $377M. Facing challenges with Boeing delivery delays.
Caterpillar reported Q1 fiscal 2024 revenue of $15.8B, down 0.4% YoY and missing consensus. Adjusted earnings of $5.60 per share beat consensus. Sales dropped due to reduced equipment sales and adverse currency impacts.
Otis Worldwide Corp reported Q1 2024 sales of $3.437B, up 2.7% YoY but missing consensus. Adjusted operating profit and EPS improved, while cash flow and share repurchase increased. 2024 outlook revised with higher EPS and dividend.
Boeing reported Q1 results, emphasizing commitment to quality and safety. Revenue declined 8% to $16.569B, adjusted loss per share $(1.13), backlog $529B, and debt $47.9B.